Static and Flexible Budgets Graham Corporation used the following data to evaluate its current operating system. The company sell items for $10 each and used a budgeted selling price of 510 per unit. Actual Budgeted Units sold 400.000 $450 000 Variable cours 31,250,000 $1.500.000 fed costs 11.500.000 $1.290.000 a. Prepare the actual income statement. flexible budget and static budget. Do not use negative signs with any of your answers below. Actual Results Flexible Budget State Budget Units said 0 0 Revenue 1 0.5 05 Variable costs 0 Contribution margin 9 0 9 Fixed costs D 05 OS Operating income 0 o For questions and d, do not use negative signs with your answers Select either forintovonate or Ffor Favorable using the drop down box next to each of your variance answers b. What is the static-budget variance of revenues 50 . c. What is the flexible budget variance for variable costs 50 d. What is the fiexible budget variance for fred costs! 0 a EE Type here to search O